EABL to sell bottle making subsidiary to S Africa’s Consol Glass

East African Breweries Limited (EABL) said on Wednesday it plans to sell one its subsidiaries, Central Glass Industries Limited (CGI), to South Africa's Consol Glass Proprietary.   

EABL, controlled by Britain's Diageo, said its board of directors had approved the sale of its entire stake in the subsidiary subject to regulatory approval by the Competition Authority of Kenya and its shareholders.

Read more at: www.businessdailyafrica.com/Corporate-News/EABL-to-sell-bottle-making-subsidiary/-/539550/2672532/-/5jtw03z/-/index.html